Tesla is ready to post strong deliveries after increasing production

ছবি Reuters File Photo: A Tesla Model X electric car seen at the Brussels Motor Show, Belgium, January 9, 2020. Reuters / Francois Lenoir / File photo

Written by Aniruddha Ghosh

(Reuters) – Wall Street analysts on Tuesday gave optimistic estimates for Tesla’s (Nasdaq 🙂 quarterly vehicle delivery, a research group predicted it to be the best quarter for the company even as the auto sector is battling an unprecedented shortage of parts.

The electric-car maker flagged an unusually high-edge wave of delivery in a staff memo earlier this month, when chief executive Elon Musk told employees to go “super hardcore” to tackle production challenges early in the third quarter.

Analysts at Piper Sandler and RBC boosted their estimates to about 233,000 vehicles in the third quarter ending Sept. 30, while Swiss credit (Six 🙂 estimates were 225,000-230,000.

Statistics jump 65% -67% from a year ago. As of Monday, analysts expected an average of 222,700 Tesla car deliveries for the third quarter, according to visible alpha data from market data provider.

Analysts also say that the impact of the global semiconductor deficit, which has crippled many carmakers around the world, could be small on Tesla.

Credit Suisse’s Dan Levy referred to the new microcontrollers as “quick pivots” and wrote in a report writing his own car software, “Tesla seems to be less affected by shortages than others (automakers).”

In the third quarter, Tesla will probably be “the strongest of all time,” said Alexander Potter of Piper Sandler, taking electric vehicles to Europe and China and targeting Tesla’s growing market share. Potter has a five-star rating for Tesla estimates and recommendations, according to Refinitive Akon.

Potter has raised its annual delivery forecast from 846,000 to 894,000. Which will almost double last year’s 499,550 deliveries.

China’s role as a source of global exports for Tesla is growing, with its Shanghai plant probably exporting about 55,000 vehicles in July-August, up from nearly 2,000,000 in the second quarter, Credit Suisse’s Levy said.

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